Recent content by Geof

Copyright is a monopoly I argued that the specific costs and benefits of current copyright law and enforcement are such that the costs exceed the benefits. You replied that this might be so, but that the market would sort it out. Yet this is no argument at all, because copyright itself...

Ideas are not property You ignored the part where I explained how the costs of copyright are externalized. They are paid not only by copyright owners and consumers, but also by society at large. The market cannot operate efficiently in this context. In fact, according to economic theory...

Copyright enforcement costs exceed benefits Dannyalcatraz, you have mentioned the concept of an "optimal" level of crime in society - the level at which the cost of preventing crime exceeds the benefit. My impression is that the cost of the schemes you are proposing or support (from DRM to...